Boomerang raises capital for reusable shipping bags system
The Hamburg-based Boomerang start-up has secured a six-figure investment in a pre-seed financing round for its sustainable shipping bags, a press release said Monday (July 4, 2022). This comes after more than 4.5 billion parcels and packages were sent across Germany in 2021 – an increase of 11.2 per cent over 2020 - an indication of the rapid growth in mail orders, according to the German Parcel and Express Logistics Association (BIEK).
Boomerang eyeing deposit system for shipping bags
The lead investor is Five Investments GmbH of logistics entrepreneurs Navid Thielemann (Overseas Logistic Services GmbH) and Christian Flick (Recht Logistik GmbH). The founders Katharina Kreutzer, Christian Putz and Marc Engelmann have also received backing from five other business angels. "By closing our financing round, we can now really take off and integrate Boomerang as a reusable solution in as many online stores as possible. We are now building our intelligent deposit and IT system, creating new jobs and doing educational work," said Engelmann. Boomerang won the regional title in this year's "Startup Champs 2022" pitch competition on Mobility & Logistics in late June.
Shipping bags made from recycled plastic
Boomerang's shipping bags are made from single-grade recycled plastic, which is more durable than cardboard or paper, and fit into any letter boy. Velcro fasteners eliminate the need for material-intense lacing or bonding. Customers are charged EUR 3 per bag which is refunded on return. "When you order something online, you will be able to select reusable packaging, which we can reuse up to 50 times. That means 50 times less waste, 50 times less CO2, 50 times better for the environment," Engelmann pointed out.